CORE PCE 2.8% YOY VS 2.8% EXPECTED
not a bad read for September, shows inflation was under contr...
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
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The September Core PCE reading of 2.8% year-over-year, matching expectations, indicates inflation was under control for that month. This data point strengthens the argument for a potential Federal Reserve rate cut. While October and November data could differ, the September numbers are positive for market stability.
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